Crane Limited purchased a machine on account on April 1, 2021, at an invoice price of $360,090. On April 2, it paid $1,850 for delivery of the machine. A one-year, $4,250 insurance policy on the machine was purchased on April 5. On April 19, Crane paid $8,280 for installation and testing of the machine. The machine was ready for use on April 30. Crane estimates the machine's useful life will be five years or 6,018 units with a residual value of $85,700. Assume the machine produces the following numbers of units each year: 859 units in 2021; 1,504 units in 2022; 1,312 units in 2023; 1,267 units in 2024; and 1,076 units in 2025. Crane has a December 31 year end. (a) Your answer is correct. Determine the cost of the machine. Cost of the machine $ eTextbook and Media 370220 Attempts: 2 of 3 used